by Bill Downey     Price Analysis of Gold and Silver
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Technical Analysis Trading Gold, Trading Silver/ analysis By Bill Downey providing key turning points & charts for investors and speculators in Precious Metals Trading, and Precious Metals Markets

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Bill Downey, of Gold Trends.net, LLC, is an Independent Investment Analyst with over twenty years of study. YOU SHOULD NOT TAKE ANY MATERIAL posted on this WEBSITE AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. Do your own due diligence. No one knows tomorrow's price or circumstance. The author intends to portray his thoughts and ideas on the subject which may s be used as a tool for the reader. GoldTrends does not accept responsibility for being incorrect in its speculations on market trend or key turning points that it may discuss since they are at best a calculated analysis based on historical price observations.

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Gold very short term chart and support and resistance & here comes the NFP report

03 Nov 2015 10:52 PM | Bill Downey (Administrator)

Gold short term

We got our low near 1131 last week and so far this week, we’ve moved to the final uptrend line where gold must either hold or the 1100 area at the Fib 78& retrace will be next. We’re moving into the ADP report on Wednesday and the NFP report on Friday. If gold is going to turn up, it has to happen at one of these two areas. If gold can recapture 1122 it will give it a potential to get to around 1148-1150. If the blue cycle turns here, ok, but even then, it looks like it could just be a bounce. On the other hand, if gold has resumed a bull market (and that’s no where near CONFIRMED by any means) then it should turn here. It’s very possible that the 1122 area will be where gold is come Friday’s NFP report and the results will most likely propel the next move. If I had to pick one, I’d favor a bounce into next week.





Technical Analysis :: Gold & Silver

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